In a recent interview with WallSt TV, our company’s President quoted a stat that really puts the impact of the recession on corporate profits and the opportunity that situation provides for procurement organizations in perspective. Kevin Costello said it takes a “20% increase in sales to create the same profits as a 5% decrease in […]
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Walgreens recently announced their strategy for increasing revenues and cutting costs. And how do they plan to do it? Their “Rewiring for Growth” initiative will target strategic sourcing of indirect spend and plans to reduce corporate overhead in order to save $1 billion annually by 2011.
As we discussed last week and in a recent white […]
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I had the good fortune to attend the YouTube LIVE events over the weekend. This vaudville-esque circus featured talent ranging from the well known MC Hammer, Mythbusters and members of the 30 Rock cast to more organic superstars like Tay Zonday, Beardyman (a human-beat-box) and the marketing genius who created Will-It-Blend.
As part of the festivities, […]
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It’s impossible to avoid the headlines - nearly every industry from automotive to consumer goods is facing an increasingly difficult economic environment that shows no signs of improving anytime soon. Widespread commodity price increases, the credit crisis, and the global economic slowdown have combined to put a squeeze on both the top and bottom […]
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In times of uncertainty and rapid change, whether in sales, operations or spend management, fortune favors those who are positioned to confidently take decisive action and efficiently execute decisions.
For Spend Management organizations, spend data is the currency that allows us decide with confidence and move quickly to implement changes to our supply base. Time […]
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Today’s guest post is from Bernard Gunther of Lexington Analytics. He can be reached at bgunther <at> lexingtonanalytics <dot> com.During the course of my work, I am always surprised at the large number of procurement organizations who still perform their analyses by dumping AP data into Excel or Access and developing their own reports. An […]
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Bloomberg recently reported that Private Equity (PE) deals have fallen 70% in the first 10 months of this year, confirming what many in the industry have known for quite some time: economic conditions have put a near halt on deal flow and will continue to do so for the foreseeable future. At The Deal’s M&A […]
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When we concluded part VIII of the Sourcing Maniacs Vendor Road Tour, the Maniacs were in Chicago visiting FieldGlass, a provider of contingent workforce management and services procurement. We join them a few days (or so) later, somewhere in Colorado. (But you can skip the mischief and jump straight to the mining* if you […]
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At this point in the story, I ask the Sourcing Maniacs to jump ahead and discuss their expedition to Massachusetts for Empower and what they learned. This is a long post, since the maniacs love to go on and on and on at times, so I’ve broken it up into Preamble and Discussion. If […]
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Yakko I really don’t know why we’re here. Spend Analysis is so yesterday, all the analysts say so. I think the doctor needs to give himself a check-up for recommending it to us.Wakko Really?Yakko Anyone can build a Spend Analysis system, all you have to do is follow the old […]
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